{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The asset is a UCITS ETF, which benefits from a general presumption of being non-complex under MiFID II. The Fund employs a physical replication strategy (sampling and portfolio optimization) to track its benchmark index, which is generally considered transparent and straightforward. Derivatives are explicitly stated to be used for efficient portfolio management (EPM), specifically for currency hedging using foreign currency forwards. This use is for managing risk (currency fluctuations) and is not an inherent element of the primary investment strategy, thus not triggering a 'derivatives' = true classification based on the provided rules. The ETF does not engage in securities lending, nor does it have significant leverage beyond typical UCITS temporary borrowing limits. The underlying index, while specific (MSCI ACWI Universal Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to GBP Index), is transparent in its methodology and does not present features that would imply structural complexity such as roll costs, contango, or backwardation effects. The higher risk category (6/7) is due to market volatility and the nature of equity investments, not due to structural complexity that would make it difficult for a retail investor with basic knowledge to understand. There is no indication of contingent convertible bonds or any swap usage as an integral part of its investment objective, which would lead to an automatic complex classification."
    }
}